逐星哥布林

$BTC Spot ETFs have seen outflows for 4 straight days, with $95 million leaving in a single day

$95.012 million flowed out of spot ETFs on November 10, U.S. Eastern Time. SoSoValue reported: “Total net outflows of $95.012 million, marking 4 consecutive days of net outflows.” Ethereum saw outflows of $1.3168 million on the same day.

The market is tracking the trend. At the time of writing, BTC is trading at $73,685, down 1.18% over 24 hours, with a low of $72,691. The funding rate is 0.0077%, as usual. Long traders aren’t rushing to add leverage—people are actually pulling out.

The data suggests a bearish short-term outlook for BTC. Honestly, ETFs have been the main buyers this cycle; when that buying dries up, the price loses its floor.

On the other hand, this view would be invalidated if ETFs return to net inflows tomorrow or BTC recovers to $74,824.

Next, watch tomorrow’s ETF data and whether BTC can hold $72,691.

Stole $26 million, then the hacker bought 1,650 $ETH

What’s the first thing a hacker does after stealing money? This time, the answer is a little surprising: buy crypto.

Yesterday, Lookonchain tracked a hacker address that stole more than $26 million in assets from TLBL. The address “used about 3.4 million DAI to buy approximately 1,650 ETH.” Instead of rushing to cash out the stolen funds, the hacker converted them into ETH.

To be honest, this buying pressure won’t move the price. At $2,067 per ETH, it amounts to just $3.4 million—not enough to make a splash. But it sends a signal: even hackers are treating ETH as a hard currency when handling stolen funds.

ETH is currently trading at $2,067.85, down 2.38% over 24 hours. The data points to a neutral-to-bullish outlook for $ETH : there are more cases of selling pressure turning into buying pressure. The flip side is that the hacker’s coins will most likely eventually flow back to exchanges to be sold, bringing the selling pressure back. If the 24-hour low of $2,003 is breached, set the bullish outlook aside for now.

$XRP 26.9 billion-dollar asset manager buys XRP ETF for the first time, $104,769

Another traditional asset manager has bought an XRP ETF.

In yesterday’s 13F filing, Chicago asset manager Rothschild Investment reported an XRP position for the first time: 6,300 shares of Bitwise’s XRP ETF, worth $104,769 based on the September 30 price. It had no position last quarter. The filing describes it as a “first reported stake.”

How small is this position? Among roughly $2.69 billion in total holdings across 3,644 positions, its largest crypto holding is BlackRock’s Bitcoin ETF (40,188 shares); its Ethereum funds are also larger.

XRP is currently trading at $1.0546, down 3.94% in 24 hours, with a funding rate of +0.01%. The data suggest a neutral-to-slightly-bullish view of XRP: another traditional institution has added it to its portfolio. Honestly, a position of this size won’t change supply and demand; its significance lies in the channel. The counterpoint: if ETF flows overall turn into net outflows, this assessment no longer holds.

$BTC Capital B adds 12 BTC, bringing its holdings to 3,550

It only bought 12 coins; the story is in the total.

Paris-listed company Capital B bought another 12 bitcoins yesterday, bringing its holdings to 3,550. It began implementing its Bitcoin treasury strategy in November 2024, investing a total of €311.5 million at an average cost of €87,746 per coin. Bitcoin is currently priced at $73,620, which translates to less than its cost basis in euros, so the holdings are showing an unrealized loss (the euro and dollar figures use different currencies, so consider only the direction).

To be frank, 12 coins have no impact on the price. The announcement matters because it shows they’re “still buying”: listed companies’ treasuries have generally been on the selling side this year, and few are continuing to add to their holdings. Its BTC-per-share growth rate this year is 2.23%.

Based on the data, the outlook for $BTC is neutral to slightly bullish: treasury companies continue to provide small-scale buying support, but their holdings are too small to matter much. The counterpoint: if these companies start halting purchases one after another or begin selling down their holdings, the neutral outlook would turn bearish.

$ETH A whale makes its first move in 9 months, withdrawing 10,000 ETH

Yesterday, Lookonchain spotted an on-chain transaction: a whale suddenly made a move after “lying dormant for 9 months,” withdrawing 10,000 ETH from Binance within an hour, worth about $20.89 million at the time.

Withdrawing coins from an exchange is generally interpreted as a sign that someone isn’t planning to sell immediately. After all, once the coins are in a wallet, the path back to the exchange to dump them is one step longer. But one whale can’t tell us where the trend is headed—it’s just a signal.

ETH is currently at $2,015, down 5.35% in 24 hours, with an intraday low of $2,003. The funding rate is -0.0036%, meaning shorts are paying longs; short positions aren’t particularly crowded.

Based on the data, the short-term outlook is bullish for $ETH . The caveat: that view is invalidated if ETH falls below its intraday low of $2,003 or these coins move back to an exchange.

Next, watch to see whether open interest (up 1.45% over the past 6 hours) can follow through.

$BTC 14 companies sold 108,000 BTC during the year, with the top five accounting for 77.7%

Fewer companies are accumulating BTC. According to Lookonchain’s data as of November 10, 14 U.S.-listed companies have sold a cumulative total of about 108,247 BTC this year, worth approximately $8.08 billion.

Selling pressure is concentrated among the largest players: MARA alone sold 40,581 BTC, while the top five sold a combined 84,114 BTC, accounting for 77.7% of the total. In short, keeping an eye on these five is enough to gauge the supply-side trend.

The reasons for selling are no mystery: repaying debt and raising funds for AI. The report characterizes this as miners “shifting from accumulation to liquidation” and cautions that on-chain outflow figures “are a strong signal, not a final accounting.”

BTC is trading at $74,186 today, down 0.9% over 24 hours. Based on the data, the short-term outlook for $BTC is bearish: miners are shifting from stacking coins to selling them, and new supply is weighing on the market. The counterpoint comes from the report itself: treasury companies are still absorbing supply, and the assessment would be invalidated if corporate selling slows. Next, watch whether the 24-hour low of $74,079 holds.

$BTC Whales added 14,207 BTC, while retail wallets fell by 108,700

Whales are adding to their holdings, while retail investors are heading for the exit. Two sets of on-chain data today point in exactly opposite directions.

According to Santiment, over the past two weeks, wallets holding 1 to 10 BTC added 10,076 BTC, while those holding 10 to 100 BTC added 4,131 BTC—for a total of 14,207 BTC. Santiment said: “During a major market sell-off, more than 14,000 BTC flowing into these wallet groups is a bullish signal.”

Meanwhile, the number of non-empty wallets has fallen by about 108,700 from its peak of 59.99 million on October 16. With the price dropping below $75,000, those who couldn’t take the pressure are clearing out and consolidating their wallets—a sign of retail capitulation.

As of today, BTC is trading at $74,530, up 0.34% over 24 hours. The data suggests a short-term bullish outlook for BTC: simply put, the money willing to buy amid the panic is patient money. The other side of the picture: if the 24-hour low of $74,024 doesn’t hold, capitulation isn’t over, and it’s too soon to lean bullish.

$BTC What are treasury companies being compared on? Strive puts 63% on the scoreboard

With 43,124 bitcoins in hand, U.S.-listed company Strive put a standard on the table today: among treasury companies, don’t just compare who buys more—compare BTC Yield, the growth rate of holdings per share.

By that measure, Strive is up 63% year to date. Its chief investment officer says the metric is priced in BTC, not dollars, and because each company’s share issuance and coin-buying strategy differs, the speed of accumulating coins per share becomes clear at a glance. This holding size ranks fourth among U.S.-listed companies.

From the data, this is mildly bullish for $BTC in the short term: as treasury companies start comparing coin-accumulation speed, buying activity can develop inertia. Today BTC is at $74,676, down 0.38% over 24 hours, and the funding rate is still +0.01%; the market has not shown any extra reaction to the news.

The downside lies in the metric itself: in plain terms, positive BTC Yield does not mean shareholders are making money, and in years when BTC drops sharply it can still look good. Whether it holds up depends on whether other companies start using it as well.

$TRX 30 days: $16.6 million in stablecoins moved across bridges, half of global USDT

Half of all USDT worldwide is sitting on the TRON chain.

Statistics reported today (Allbridge Core): Around $16.6 million in stablecoins moved cross-chain via TRON over 30 days, ranking first among all the chains it supports. Since integration in June, the total has reached $1.65 billion to $1.66 billion across more than 80,000 transactions, averaging $50,000 to $59,000 per transaction.

Why TRON? The answer is USDT: $89 billion to $94.5 billion in USDT is held on-chain, accounting for about 47% to 51% of the global supply. After all, money attracts people.

The original report warned that this concentration could “pose systemic risks”: liquidity is all crowded into a single channel.

TRX is currently priced at $0.31776, down 0.37% over 24 hours, while open interest fell 1.02% over six hours. Based on the data, the medium-term outlook for $TRX is bullish, and its position as a channel is backed by solid fundamentals. The downside: if it falls below $0.3158 (the 24-hour low), the bullish outlook should be put on hold.

$XRP Long positions liquidated overnight for $39 million; down 14% in five days

The chain reaction triggered by the decline is still spreading.

Data reported early this morning (CoinGlass): On November 8, about $39 million in XRP long positions were forcibly liquidated in a single day, compared with just $366,000 in short positions. Liquidation happens when prices fall so far that there isn’t enough margin, and the exchange closes your position for you. Those closing orders themselves create selling pressure.

Since breaking below the $1.26 support level, XRP has fallen for five straight days, shedding 14%. BeInCrypto put it this way: “The descending triangle’s target is around $0.86.” Each rebound has been weaker than the last, as sellers gradually gain the upper hand. The RSI (a measure of price momentum) has fallen to 26, its lowest level in three months. Put simply, the market is oversold, so a bounce could happen at any time—but a bounce wouldn’t change the underlying structure.

As of this morning, XRP was trading at $1.094, down 4.8% over 24 hours. The funding rate remains positive at 0.008%, meaning long traders haven’t given up.

The data points to a bearish short-term outlook for XRP. On the other hand, a move back above $1.14 would signal easing selling pressure; reclaiming $1.26 would invalidate the bearish view. The next question is whether the $1 level can hold.

$ETH transaction volume hit a record, while the price fell 4.82%

The price is falling, but the blockchain is buzzing with activity.

Today’s data (Unfolded, citing Coin Metrics): As of November 4, 2026, Ethereum mainnet averaged 2.16 million transactions per day, an all-time high and 51% more than the 1.44 million in 2025. It also averaged 899,000 daily active addresses, another record, up about 36% from last year.

Meanwhile, ETH fell 4.82% over the past 24 hours to $2,127. Usage is rising while the price is falling—the two are diverging.

The data point to a bullish medium-term outlook for ETH: transaction volume and active addresses are the bedrock of network demand, and both are still climbing. The short-term trend remains weak: if the low near $2,050 from early this morning doesn’t hold, it suggests the market is still voting with its feet.

Next, watch whether average daily transactions can hold above 2.16 million, and when the price will catch up with usage.

$BNB Tokenized ETFs rose fastest on BNB Chain and fell most on Ethereum over 30 days

Money is moving around in tokenized ETFs. Today’s data from Crypto Briefing: over the past 30 days, market cap grew fastest on BNB Chain and fell most on Ethereum.

Traditional ETF shares are turned into on-chain tokens. As of mid-October, the market was worth about $611 million–$686 million. Ethereum led with about $303 million (44%), followed by BNB Chain at about $192 million (28%).

The main drivers of the chase are Binance’s bStocks and Ondo; ultimately, market share is built up through products. bStocks has surpassed $1 billion in assets, with 1.8 million addresses holding tokenized stocks—about 45%. The original says: “that kind of shift tends to show up in the data before it shows up in the rankings”.

At the time of writing, BNB was trading at $687.24, down 1.68% over 24 hours, with a funding rate of 0.0000%.

The data suggest a neutral-to-bullish outlook for BNB: its own products are keeping demand on-chain. The downside: issuers are highly concentrated. If assets flow back to Ethereum, or tokenized stocks come under regulatory scrutiny, that outlook could prove wrong. Next, watch whether BNB’s 28% can catch up with Ethereum’s 44%.

$BTC Whale short positions near $1 billion, with long positions only half that size

On-chain data from early this morning: whale accounts on the perpetuals platform Hyperliquid are aggressively shorting Bitcoin, with short positions worth $892 million to $924 million, compared with just $454 million to $483 million in long positions.

The report said that “short-selling pressure has reached its highest level since October 2025.” The largest single short position is worth about $178.5 million, with an average entry price of $76,400. The account has continued adding to its position since turning net short on October 27.

At the time of writing, BTC was trading at $74,236.5, down 2.19% over 24 hours. The price is below the entry price, so in plain terms, these short positions are sitting on unrealized gains. The funding rate is +0.01%, as usual, suggesting that long traders aren’t rushing to add leverage.

The data points to a bearish short-term outlook for BTC: large traders are broadly betting on a drop, while demand from buyers looking to catch the dip is fairly muted. On the other hand, an overcrowded short trade can also provide fuel for a rally. If BTC reclaims the $76,400 entry level, short sellers will have to buy back their positions, invalidating the bearish outlook. Next, watch the 24-hour low of $73,333.

$BTC Whales’ $253 million in long positions, $140 million liquidated this morning

They had $253 million in long positions, and a drop at 6 a.m. this morning wiped out $140 million of them. ChainCatcher cited on-chain analyst Ember’s monitoring, which put it plainly: “Around $140 million worth of BTC and ETH long positions were forcibly liquidated,” with realized losses exceeding $49 million.

How liquidation works: when prices fall and collateral is insufficient, the exchange closes your positions for you. Liquidation orders themselves add selling pressure, often pushing prices down further.

The data points to short-term weakness in BTC. BTC is now at $74,940, down 1.24% in 24 hours, while ETH is weaker, down 4.3%. BTC funding rates remain at +0.01%, as usual, while ETH has turned to -0.0053%, meaning longs are paying.

On the other hand, liquidation waves come and go quickly. If BTC recovers the 24-hour high of $76,168, the bearish case no longer holds. Next, watch the $73,333 level.

$BTC Bitcoin falls below Strategy’s cost basis; unrealized loss reaches $500 million, but no collateral pledged

849,327 bitcoins have collectively moved into unrealized losses this morning.

Early today, Bitcoin fell below Strategy’s average purchase price of $75,451 per coin. As of November 1, the company held 849,327 BTC at a cost of about $64.08 billion. At the early-morning price of $74,862, the holdings were worth about $63.58 billion, leaving an unrealized loss of roughly $500 million.

The data point to short-term bearishness for BTC. Even the largest corporate holder is underwater, and the supply waiting to break even above $75,451 could make it difficult for a rebound near that level to hold.

But to be clear, this is no trigger for forced selling. The quarterly report states that these bitcoins have not been pledged as collateral, and the company still has $4.79 billion in reserves to pay dividends and interest.

Conversely, if BTC climbs back above $75,451, the bearish outlook is invalidated. The next thing to watch is whether the price can reclaim the early-morning level of $74,862.

$BTC Rate-cut bets rose from 47% to 54% in one week

AI giants are borrowing their way into a macro signal. Today, ZeroHedge takes stock: Alphabet, Amazon, Meta, Microsoft, Oracle, and other AI data center giants have issued $296 billion in bonds this year, exceeding Goldman Sachs’ full-year forecast of $250 billion.

They’re issuing debt too quickly, and buyers are starting to demand more. New bonds need to offer a little more yield than existing ones to sell. The median yield premium has risen from 2.25 basis points to 12 basis points (one basis point is one ten-thousandth). The article puts it this way: “issuers are offering more yield to attract buyers”—issuers have to pay up.

The market reads this as a sign that the economy is weakening: bets that the 5-year Treasury yield will fall below 4.10% rose from 47% to 54% in a week, and expectations for rate cuts are heating up. Put simply, companies are rushing to borrow, pushing up interest rates, while the market is becoming more convinced that the Fed will have to ease.

Based on the data, the short-term outlook for $BTC is moderately bullish, with limited upside: expectations for rate cuts are a tailwind, but the $296 billion in bond supply is also draining liquidity from the market. These two forces are pulling in opposite directions. The bearish case: if this wave of debt spooks credit markets and triggers a selloff and deleveraging, or if the Fed signals that it will hold down rate-cut expectations, the bullish view will no longer hold. Next, watch the Fed’s remarks and inflation data.

$ETH Valuation gets a new anchor: It’s okay if burns don’t cover 10% of issuance

Is it bearish if burns don’t cover 10% of issuance? Vitalik Buterin gave his answer yesterday: No. ETH should be valued as a store of value (SoV—in plain terms, something people are willing to hold long term to preserve value), not on the strength of fee burns.

He wrote that “the valuation support provided by fee burns is not robust.” Fixating too much on burn revenue could force Ethereum to maintain high gas fees and engage in more governance intervention, at the expense of decentralization. The EIP-1559 burn mechanism will remain in place; it just shouldn’t be treated as a valuation anchor.

At the time of writing, ETH was trading sideways around $2,235, with a 24-hour range of $2,221–$2,245. The funding rate was 0.006%, and neither bulls nor bears were rushing to add leverage.

The data suggests this shift is neutral for ETH in the short term and bullish in the long term: the valuation narrative is changing from “burn-driven deflation” to “consensus-driven store of value,” making it more resilient to regulation and more reliant on long-term confidence. The counterpoint: if on-chain activity and fees continue to fall, and burns remain insufficient to offset issuance over the long term, the bullish thesis will be disproven. Next, watch whether the $2,221 level holds.

A 7x long bet of 11.39 million dollars, but the liquidation price for $BTC is 62047

"The entry price was 75,880 dollars, and the liquidation price was 62,047 dollars." Onchain Lens spotted a new position this morning: a trader opened a 7x leveraged Bitcoin long, with a notional value of 11.39 million dollars (liquidation price means if the price falls to this line, the position will be forcibly closed).

This person wasn’t betting blindly. Over the past 30 days, he made 755,400 dollars in profit, with cumulative profits of 821,600 dollars, and most of what he recently earned went into this trade. In plain terms, he is rolling profits into larger positions.

At the time of writing, BTC is reported at 75,904.6 dollars, barely moving over the past 24 hours, with a funding rate of 0.0046% hovering near zero. Over the past 24 hours, liquidations across the network totaled 54.4662 million dollars, and long positions accounted for 41.9989 million dollars of that. The market is not considered crowded.

From the data, $BTC is short-term bullish: profitable traders are adding longs, and funding is not overheated. On the downside: if it falls back below the 24-hour low of 75,526.9 dollars, this view will be invalidated. Next, watch 72,476 dollars; if that level is broken, the liquidation intensity of long positions on major exchanges reaches 515 million dollars, and this kind of leveraged position will be washed out in batches.

$BTC Major shareholders’ stakes in South Korean exchanges may be cut to 15%–20%

How much of a South Korean exchange can its largest shareholder own? The answer may soon become 15%–20%. According to eToday, the Financial Services Commission is pushing to introduce a draft of the Digital Asset Basic Act this month. The regulatory regime for exchanges would shift from registration to licensing, with the cap on major shareholders’ stakes set within that range. Existing platforms may get a 1–2 year transition period to sell off any excess shares.

The report said, “Given concerns over property rights, restricting shareholders’ voting rights is also being considered as an alternative.” To be honest, there’s still room for discussion over cutting shareholdings. The draft also has two other tough measures: no-fault liability for compensation if an exchange is hacked or suffers a system failure, and the power to shut down exchanges that fail to hold users’ assets as required. Stablecoin issuance, meanwhile, is expected to be handled by bank-led consortia.

The overall direction is mildly bearish for $BTC , with limited impact: the pressure is focused on shareholders of South Korean exchanges and does not affect broader market liquidity. The counterpoint is the alternative proposal—if the final version only restricts voting rights without affecting ownership stakes, the bearish view would no longer hold. The next thing to watch is whether the draft can be enacted.

$BTC The legislative windfall is basically over

Bloomberg’s report today puts it plainly: the “political advantage” the crypto industry previously enjoyed in Washington is “at a turning point.” Democrats are preparing to take control of the U.S. Congress, and stricter rules and closer scrutiny of the industry’s ties to Trump are on the way. Comprehensive crypto legislation will also be harder to advance on terms favored by the industry.

Put simply, the window of regulatory leniency gained through one-sided political ties is narrowing. But measures already in place will be difficult to overturn: repealing the federal stablecoin law would require new legislation, and the SEC and the U.S. Commodity Futures Trading Commission (CFTC) can continue working on digital asset regulations.

The industry is already changing course. The report says crypto companies are starting to seek bipartisan support, moving beyond their alliance with Trump and expanding into areas such as investment funds, stablecoin payments, and financial infrastructure. Reducing their partisan profile is the next step.

Based on the report, this news is a short-term policy headwind for $BTC , with limited long-term impact. The downside is to the “incremental legislative windfall”; the stablecoin law and regulatory framework already in place remain unchanged. On the other hand, if both parties come up with bipartisan crypto legislation, this bearish assessment would need to be reversed.